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Tuesday, October 11, 2011

Citadel Depressed My Pay

Birmingham sports talker Paul Finebaum has now accused Citadel of ?purposefully and fraudulently? depressing his pay to generate more revenue. In return Citadel (which is now owned by Cumulus) accused Finebaum of needlessly suing innocent victims in an attempt to move his case back to state court, where legal standards are more favorable for him. Finebaum remains on the air with Cumulus. However Cox is waiting in the wings to hire Finebaum and place the popular sports talker on its new sports station in the market.
The Birmingham Business Journal reports that in an affidavit Finebaum disagreed with WJOX-FM business manager Mary Brown. Brown testified that, due to an accounting error, Citadel had accidentally overpaid Finebaum between 2007 and 2010 by an amount that was redacted from public filings. Finebaum called that testimony an ?unsupported announcement." Finebaum also went after his friend WJOX-FM General Manager Bill Thomas, claiming Thomas implemented a new method of booking ad sales for the Finebaum Network that resulted in more revenue going to Citadel.
Finebaum says Thomas banned sales staff from visiting the floor that houses Finebaum?s offices ?in an apparent attempt to hide the scheme from (Finebaum),? and that Thomas changed prices on Finebaum Network ad spots ?in an apparent attempt to drive advertisers off the network and onto local spots.?
Read the entire article HERE

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